Examples of LTIP Plan in a sentence
Any awards to the Employee under the Corporation’s Amended and Restated 2011 Omnibus Equity Incentive Plan (such plan, as may be amended from time to time, and any successor or replacement plan, the “LTIP Plan”) that are outstanding at the time of a Separation from Service will be governed by the terms of the LTIP Plan and the applicable award agreement.
Those executives that will receive awards under the Plan will no longer participate in the Global Performance Share Plan and the TSR LTIP Plan.
All options issued according to the LTIP Plan become exercisable when they vest and can be exercised for a maximum period of 5 years from the date of the grant.
All employees eligible for LTIP benefits, excluding those employees in receipt of LTIP under the Association's administration of the LTIP Plan, will receive disability benefits under the Employers' LTIP Plan effective January 1, 2013.
Employees in receipt of LTIP under the Association's administration of the LTIP Plans shall be transferred to the Employer's LTIP Plan effective March 1, 2013.